Flash Auctions
Try out our new feature. Be fast. Save Big!

Why is Comprehensive Insurance So Expensive? 

Date: 10/24/2015 |Category: Car Insurance

If you’ve been driving for any length of time, you know that comprehensive insurance can cost you an arm and a leg. So why is it so expensive? And how can you lower your comprehensive insurance rates?

It’s Expensive Because…

Cars cost a lot to repair. If you’ve been in even a little fender-bender, you have some idea of how much it can cost to fix up minor body damage. Needless to say, insurance companies aren’t going to want to come good for such damage on any kind of regular basis. So, because someone else has had a little accident, your rates go up, and the insurance company continues to make money.

Now, How Do You Lower Your Rates?

There are a number of things you need to know in order to lower your comprehensive insurance rates. Read on.

Drive a Junker

Seriously. If you drive a new car, your rates will be higher, even if you’re only carrying PLPD, which you won’t be able to do if you have a loan on your car.

Own Your Car

If you don’t own your car, you don’t have a whole lot of say in the kind of insurance you’re going to carry – your lender does. And that lender wants to protect its investment, which means high rates for superior protection.

Choose a High Deductible

Take the minimum coverage with a high deductible.

Don’t Drive Much

If you don’t have to go from Point A to Point B, don’t. Lower your mileage and get a better rate on your insurance. Insurers know that the more you drive, the greater the risk of you getting into an accident and costing them a ton of money.

Boost Your Credit Score

You might be surprised to know that one of the ways your insurance company predicts the likelihood of you getting in an accident is by looking at your credit score. Oddly enough, they figure that people who have higher credit scores are more careful with money, as well as other things, like driving.

Clean Up Your Driving Record

If you have citations on your record, you can ask to have them removed. Little things like speeding tickets and parking violations can often be erased on request if they’re not recent.

Look for a Better Rate

Shop around. Different insurance companies offer different rates.

Remember, It’s All About Business

Your insurance agent isn’t your friend. He or she is not there to help you. That said, though, most of the time they’ll try to get you the best deal because they want to keep you coming back. They also know that the longer they keep you around, the less likely you’ll be to bail in favor of a company with better rates.

So, work with your agent, and ask for every available discount. Your comprehensive insurance doesn’t have to be ridiculously high, but you need to know the right questions to ask in order to lower it.

Explore our Vehicle Auctions, as well as finding more information about How These Auctions Work and Buying With Us.

Auto Auction Specialist Used car expert The largest salvage & insurance vehicle auction marketplace online.
Bid on over 200,000 vehicles for sale right now.

Ready to get started?

Register a free user account and start bidding on your dream car right now!

Sign up for free

Unfortunately we are not in the office right now

Let us call you back during our business hours

Thank you!
We will contact you on:

{{cbTime}}am {{cbWeekday}}


Ok, got it!
We speak your language:
English, Spanish, Portugeese and Russian
< Back
  • Auction Process
    • Do you offer live bidding?
    • What is the difference between, “auction” car, and a “buy now” car?
    • What is a Reserve Price?
    • What does the bid amount include?
    • How does the auction process work?
  • Deposits and Pre-Bidding
    • Is the security deposit refundable?
    • How do international customers make a deposit in their account?
    • How does the security deposit process work?
    • Can I cancel a bid?
    • Can I inspect vehicles prior to auction?
    • Is automatic bidding or pre-bidding available?
    • What is the total bidding amount?
    • What is a bid in active status?
    • What is a bid in pending status?
    • What is the best way to win an auction?
    • How do I search for a car available at auction?
    • How does the auction process work?
  • Post-Auction and Payments
    • What does a customer need to do to get the title to a vehicle?
    • How do I pick up the car I purchased?
    • Are there storage fees if I cannot pick up my vehicle immediately?
    • Do you Issue Temporary Plates?
    • Can I pay in cash?
    • Are there late payment penalties?
    • What are the payment terms?
    • How do I pay for an auction?
    • What if I fail to may a payment as required?
    • When is the balance due on a purchase?
    • When will I be notified of the results of the auction?
    • Bidding has ended. Is my bid the highest?
    • Why did I receive notice after bidding ended that my bid is no longer the highest?
  • Shipping and Delivery
    • How will it be mailed to me?
    • When will I receive the title?
    • Can I have the title mailed to an address/name different from the address/name on my account?
    • I have an agent working on my behalf can this person pick up my vehicle?
    • Do you offer delivery?
    • When can I pick up a car I have won at auction?
  • Understanding Salvage Titles
    • What is NMVTIS and how is it used?
    • Understanding the salvage title/rebuilt title distinction
    • What are the different types of titles a vehicle may have?
    • I received a different type of title than the one in the description. I received an equivalent title from a different state. Why?
  • User Registration
    • What are the rules regarding new customers and customers not in good standing?
    • Can I just buy one car?
    • I do not have a dealer license; can I bid or buy a car?
    • What information do I need to provide to register?
    • Do I have to pay to register?
    • Do I need to register to bid?